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Home improvement retailer Home Depot (HD) outpaced revenue and earnings forecasts for its fourth quarter, posting revenue of $39.7 billion (versus estimates of $39.13 billion) and an adjusted profit of $3.13 per share (versus estimates of $3.04). While US same-store sales grew when it was expected to decline in the fourth quarter, Home Depot reported that same-store sales also declined less than expected in the full-year 2024.
Yahoo Finance senior retail reporter Brooke DiPalma comes on the Morning Brief to expand upon the biggest takeaways from Home Depot's earnings.
In the company's earnings release, Home Depot CEO Edward Decker found there to be "greater engagement in home improvement spend, despite ongoing pressure on large remodeling projects."
Lowe's (LOW) is also scheduled to release its earnings results tomorrow, Wednesday, February 26.
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This post was written by Luke Carberry Mogan.